Swiss National Bank grew its holdings in Pegasystems Inc. (NASDAQ:PEGA) by 2.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 66,100 shares of the technology company’s stock after buying an additional 1,800 shares during the period. Swiss National Bank owned 0.08% of Pegasystems worth $3,117,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in PEGA. Great West Life Assurance Co. Can grew its position in shares of Pegasystems by 58.0% in the third quarter. Great West Life Assurance Co. Can now owns 4,935 shares of the technology company’s stock valued at $282,000 after purchasing an additional 1,811 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Pegasystems by 792.9% during the third quarter. Advisor Group Inc. now owns 5,134 shares of the technology company’s stock valued at $296,000 after buying an additional 4,559 shares during the period. Sei Investments Co. lifted its stake in shares of Pegasystems by 189.2% during the third quarter. Sei Investments Co. now owns 6,064 shares of the technology company’s stock valued at $349,000 after buying an additional 3,967 shares during the period. Prudential Financial Inc. lifted its stake in shares of Pegasystems by 36.5% during the third quarter. Prudential Financial Inc. now owns 6,410 shares of the technology company’s stock valued at $370,000 after buying an additional 1,714 shares during the period. Finally, Pacer Advisors Inc. purchased a new position in shares of Pegasystems during the third quarter valued at approximately $407,000. 47.75% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Pegasystems from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Benchmark raised their price target on shares of Pegasystems from $67.00 to $72.00 and gave the company a “buy” rating in a report on Monday. BidaskClub raised shares of Pegasystems from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 28th. TheStreet lowered shares of Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd. Finally, Wedbush reissued an “outperform” rating and set a $73.00 price objective (up from $66.00) on shares of Pegasystems in a report on Thursday, March 1st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $65.67.
Pegasystems Inc. (NASDAQ PEGA) remained flat at $$61.90 during mid-day trading on Wednesday. The stock had a trading volume of 441,145 shares, compared to its average volume of 479,029. The company has a market capitalization of $4,770.00, a P/E ratio of 93.79 and a beta of 1.08. Pegasystems Inc. has a 12 month low of $40.75 and a 12 month high of $64.85.
Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings data on Monday, February 26th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.12. The company had revenue of $239.54 million for the quarter, compared to analysts’ expectations of $208.48 million. Pegasystems had a net margin of 3.92% and a return on equity of 9.68%. The business’s revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. equities research analysts expect that Pegasystems Inc. will post 0.72 EPS for the current fiscal year.
In related news, VP Efstathios A. Kouninis sold 912 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $59.37, for a total transaction of $54,145.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Efstathios A. Kouninis sold 1,700 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $62.91, for a total transaction of $106,947.00. Following the transaction, the vice president now directly owns 1,631 shares in the company, valued at approximately $102,606.21. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,329 shares of company stock worth $1,526,648. 53.61% of the stock is currently owned by insiders.
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Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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